Which of the following statements is correct with respect to the legality of contracts?
A) An agreement where one party agrees to pay another to sue a third for tort is legally enforceable.
B) A judge can refuse to enforce a contract that involves conduct that is not prohibited by law but which the court considers morally unacceptable.
C) When two merchants agree not to sell a certain product below an agreed price and the product is not readily available from others sources, this is legally permissible as long as they intend their promises to be legally binding.
D) Insurance taken out on property you don't own is valid as long as the insurance company has been informed that you have no interest in the property.
E) An agreement that one merchant won't open up a business in competition with another is enforceable as long as there is consideration on both sides.
Correct Answer:
Verified
Q32: A requirement for the existence of an
Q33: The court may hold that a contract
Q34: Jones entered into a contract for the
Q35: Which of the following contracts is void?
A)
Q36: One afternoon while Mr. Reston was going
Q38: Ted, a seventeen-year-old high school student, was
Q39: Which of the following are in no
Q40: A provision that restricts the seller from
Q41: Mr. Buyer, the plaintiff in the action,
Q42: What does the decision in Bayview Credit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents